Tata Consumer Products Sees 10.04% Surge in Open Interest to 45,017 Contracts

Tata Consumer Products Ltd, a prominent player in the FMCG sector, has experienced a notable increase in open interest today. The latest open interest stands at 45,017 contracts, reflecting a rise of 4,107 contracts or 10.04% from the previous open interest of 40,910. This surge comes alongside a trading volume of 18,369 contracts, indicating active participation in the derivatives market.
In terms of market performance, Tata Consumer Products has been facing challenges, with the stock recording a decline of 0.68% today, while the sector itself saw a slight dip of 0.80%. Over the past three days, the stock has experienced a cumulative drop of 2.46%. Despite this downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

Investor participation appears to be waning, as evidenced by a delivery volume of 3.1 lakh shares on September 26, which marks a significant decrease of 52.09% compared to the five-day average. With a market capitalization of Rs 1,10,166 crore, Tata Consumer Products continues to maintain a liquid trading environment, suitable for transactions up to Rs 2.12 crore. Overall, the increase in open interest highlights a shift in market dynamics for Tata Consumer Products, amidst a backdrop of fluctuating stock performance.